Mal

Raised $230M in a Seed round, announced 19 January 2026.

Total raised
$230M

Latest round SeedCountry United Arab EmiratesSector AI

Round

$230MSeed, 19 January 2026

Record MEA seed round to build the bank after initial approval from the UAE central bank.

Amount
$230M
Stage
Seed
Announced
19 January 2026
Lead
BlueFive Capital
Use of funds
Record MEA seed round to build the bank after initial approval from the UAE central bank.
Checked
Announced by the company
Sources
Mal Secures $230M in MENA’s Largest Seed Round nextbillion.net
Mal Secures $230M in MENA’s Largest Seed Round fintechnews.ae
Mal Secures $230M in MENA’s Largest Seed Round pulse2.com
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Company

AI-native Islamic digital bank for unbanked and underbanked customers

Based in
Abu Dhabi, United Arab Emirates
Sector
AI

Questions

How much has Mal raised?

Mal raised $230M in a Seed round, announced on 19 January 2026.

Who invested in Mal?

BlueFive Capital led. Investors include BlueFive Capital.